HUNTSVILLE VOLUNTEER FIRE DEPARTMENT (EIN 560192039) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

ALLEN WOOD JR

Phone

3365482528

Tax Period

2024-01-01 to 2024-12-31

HUNTSVILLE VOLUNTEER FIRE DEPARTMENT, founded in 1976, is a small nonprofit that reported $704K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Net assets of $1.5M represent 26 months of operating reserves.

Mission

FIRE PROTECTION SERVICES

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $671,563

Program Service Revenue $0

Investment Income $23,766

Other Revenue $8,562

TOTAL REVENUE $703,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,045

Fundraising Expenses $0

Program Expenses $710,066

Other Expenses $516,021

TOTAL EXPENSES $710,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$703,891	$493,349	+0.4%
Expenses	$710,066	$581,469	+0.2%
Net Income	$-6,175	$-88,120	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$6,610

Total Directors

$35,007

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH SOYARS	CHAIRMAN	5.00	Officer Director	$1,298	$0	$1,298
ALLEN WOOD JR	TREASURER	5.00	Officer Director	$2,054	$0	$2,054
SETH VADEN	SECRETARY	5.00	Officer Director	$1,218	$0	$1,218
KENDALL KENDRICK	VICE CHAIRMAN	5.00	Officer Director	$2,040	$0	$2,040
RICKY KNIGHT	DIRECTOR	5.00	Director	$284	$0	$284
HOWARD TALLENT	DIRECTOR	5.00	Director	$648	$0	$648
BOBBY TILLEY	DIRECTOR	5.00	Director	$5,584	$0	$5,584
JOSEPH TUCKER	DIRECTOR	5.00	Director	$1,426	$0	$1,426
BRENT KNIGHT	DIRECTOR	5.00	Director	$0	$0	$0
JOHN COLLEY	FIRE CHIEF	5.00	Director	$20,455	$0	$20,455

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$703,891	$710,066	$2,199,179	$-6,175
2023	$493,349	$581,469	$1,519,355	$-88,120
2022	$506,118	$463,744	$1,607,475	$42,374
2021	$483,079	$255,750	$1,565,101	$227,329
2020	$368,036	$403,914	$1,337,772	$-35,878
2019	$392,748	$251,310	$1,373,650	$141,438
2018	$342,004	$294,984	$1,332,394	$47,020

HUNTSVILLE VOLUNTEER FIRE DEPARTMENT